What is Difference between Stop Loss CFDs Order and Trailing Stop in CFD?

A stop loss is set at a particular level and this level remains constant while for a trailing stop loss the stop loss level keeps moving with the change in cfd price - trailing stop is updated as the cfd price moves.

What's Stop Loss CFDs Order on MT4 Platform?

A stoploss order is an order used in cfd to close an open trade if the trade moves against the trader's position by a certain number of pips.

Once the stop-loss order is set at a specified level, this stop loss order will automatically close the open trade once the chart gets to this stop-loss order cfd price level. Stop Loss order is used in cfd money management so as to prevent further losses if a trade is going against the direction of the trader's open trade position.

What's a Trailing Stop Loss CFDs Order?

A trailing stop-loss is a stoploss levels that keeps adjusting itself automatically by a set number of pips once the cfd market moves in the direction of the trader's open trade position by a number of pips.

For examples the trailing stop can be set at 30 pips & set to adjust itself to 30 pips automatically once the cfd instrument moves up by 5 or 10 pips. This means that this trailing stop-loss order will keep trailing the cfd price as long as the price keeps moving in the direction of the trader's open position.

This trailing stoploss will close out the order once the cfd market starts to retrace & it retraces to the level of the most recent set trailing stop loss level.